China will make further targeted RRR cuts to cushion virus impact
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BEIJING (Reuters) - China will make further targeted cuts in the reserve requirement ratio (RRR) for medium- and small-sized banks to help cushion the impact of the global coronavirus outbreak, state media reported on Tuesday, quoting a cabinet meeting chaired by Premier Li Keqiang."We need to strengthen the adjustment of fiscal and monetary policies in the face of new challenges from the domestic and international epidemic situation and rapid changes in the world economic and trade situation,"..